Trade of the month: Proprietary indexes in structured products

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The increased use of proprietary indexes in structured products has undoubtedly helped broaden the choice of underlyings available. The most common underlying asset for structured products has always been equities - in particular equity indexes - but now alternative underlyings have an important part to play and the use of proprietary indexes is becoming increasingly common.

Proprietary indexes can be divided into those that provide access to alternative asset classes and those that meet the

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